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Everything that’s wrong with banking

How do you feel about banks and the way you get a loan with them? We’ve gathered a few ideas from our own experiences… and used them to do the exact opposite with Mogo. Here are a few of them. Anything you feel is missing?

Bank branches just aren’t that… pleasant to be in.

Nor do banks host fun events like Adulting 101. What’s Adulting 101? Oh it’s just a workshop where you learn about wine and finance while we entertain your pants off. (Not literally… lol)

Positive reinforcement = good

People get penalized all the time for late payments, but what about making your payments on time? Shouldn’t you be rewarded for that? With Mogo’s Level Up program, those on-time payments can get you a lower rate and/or bigger loan amounts.

Information should keep you in control,

not confuse and exhaust you.

Losing the battle vs. tech?

Can banks keep up? They might try...

“Big banks are slashing their payrolls to meet threats posed by slowing revenue growth, a weak economy and rising competition from new financial players."